Tariff Transparency Act of 2025

# Tariff Transparency Act of 2025 – Plain Language Summary **What the bill would do:** This bill would require the U.S. International Trade Commission (a government agency) to investigate and publish a detailed report on how recent tariffs affect Americans. Specifically, it would examine how 25% tariffs on most Canadian and Mexican imports (and 10% on Canadian energy) impact consumer prices, retaliation from those countries, and business uncertainty. The bill was introduced in response to tariffs the President imposed in February 2025. **Who it affects:** The bill directly affects consumers, small businesses, farmers, and ranchers—essentially anyone who buys imported goods or relies on trade with Canada and Mexico. It also involves the U.S.

government agencies that would conduct and receive the investigation. **Current status and key provisions:** The bill is currently in committee and has not yet been voted on. Its main provision is requiring a comprehensive government study to assess the tariffs' real-world impact. The bill is factual in nature—it doesn't block or support the tariffs, but rather calls for transparency about their effects. This allows Congress to make informed decisions based on evidence about whether the tariffs are helping or hurting the economy.